Ryerson (NYSE:RYZ) Stock: Insider Andrew Greiff Sells 3,000 Shares

Ryerson Holding (NYSE:RYZ) EVP Andrew Greiff sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $32.10, for a total transaction of $96,300.00. Following the completion of the sale, the executive vice president directly owned 30,975 shares of the company’s stock, valued at approximately $994,297.50. The trade was a 8.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Ryerson Stock Up 3.5%

Shares of NYSE:RYZ opened at $27.51 on Friday. Ryerson Holding has a 1 year low of $19.34 and a 1 year high of $33.72. The business has a 50 day simple moving average of $26.49 and a two-hundred day simple moving average of $26.55. The firm has a market capitalization of $1.42 billion, a PE ratio of -161.80 and a beta of 1.50. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.16 and a quick ratio of 1.02.

Ryerson (NYSE:RYZ) last issued its quarterly earnings results on Wednesday, October 28th. The company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.22. Ryerson had a return on equity of 3.48% and a net margin of 0.21%. The firm had revenue of $2.18 billion during the quarter. On average, equities analysts predict that Ryerson Holding will post 1.85 EPS for the current year.

Ryerson Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 17th. Shareholders of record on Thursday, December 3rd will be given a $0.1875 dividend. This represents a $0.75 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Thursday, December 3rd. Ryerson’s dividend payout ratio is -441.18%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on RYZ shares. Weiss Ratings upgraded Ryerson from a “sell (d+)” rating to a “hold (c)” rating in a research report on Friday, October 30th. Wall Street Zen raised shares of Ryerson from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Finally, Zacks Research upgraded shares of Ryerson from a “hold” rating to a “strong-buy” rating in a report on Monday, October 26th. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Institutional Trading of Ryerson

Several institutional investors and hedge funds have recently modified their holdings of RYZ. Allspring Global Investments Holdings LLC boosted its holdings in shares of Ryerson by 4.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 16,876 shares of the company’s stock valued at $414,000 after purchasing an additional 671 shares during the period. Parkside Financial Bank & Trust purchased a new position in Ryerson during the 2nd quarter worth $25,000. Integrated Wealth Concepts LLC purchased a new position in Ryerson during the 2nd quarter worth $33,000. Fifth Third Bancorp increased its holdings in Ryerson by 1.5% during the 3rd quarter. Fifth Third Bancorp now owns 97,019 shares of the company’s stock worth $2,286,000 after purchasing an additional 1,416 shares during the period. Finally, Quantbot Technologies LP bought a new stake in Ryerson during the 2nd quarter valued at $66,000. Institutional investors own 94.81% of the company’s stock.

Ryerson Company Profile

Ryerson Holding Corporation is a value-added processor and distributor of industrial metals. The company supplies carbon steel, stainless steel, aluminum, nickel, and copper products to manufacturers and other industrial customers, offering materials in forms such as sheets, plates, coils, bars, tubes, and structural products.

In addition to distributing metals, Ryerson provides processing and fabrication services designed to prepare materials for customer specifications. These services include cutting, slitting, sawing, forming, machining, and other methods that help customers manage their material requirements and supply chains.

Founded in Chicago in 1842 by Joseph T.